Financial Data and Key Metrics Changes - The company reported a record high adjusted EBITDA of $140.6 million, which is 20% above the first quarter of 2019, with an EBITDA margin of 40.2%, up 150 basis points from the same quarter in 2019 [8][18] - Total revenues, excluding IFRIC12, grew 43% year-on-year and surpassed pre-pandemic levels by 16% [36] - The net leverage ratio improved to 2.1x from 2.4x at the end of 2022, reflecting stable net debt and strong adjusted EBITDA growth [9][19] Business Line Data and Key Metrics Changes - Aeronautical revenues increased by 56% year-on-year, reaching pre-pandemic levels for the first time, driven by strong traffic growth in Argentina and double-digit increases in Armenia [15] - Commercial revenues, a key driver for top-line growth, were up 29% year-on-year and 40% above pre-pandemic levels, benefiting from duty-free and parking revenues in Argentina [37] - Revenue per passenger increased by 29% from $14.6 in the first quarter of 2019 to $18.8 this quarter [16] Market Data and Key Metrics Changes - Passenger traffic in Armenia was up 81% compared to the first quarter of 2019, exceeding pre-pandemic levels for four consecutive quarters [11] - In Argentina, passenger traffic reached nearly 93% of pre-pandemic levels, with domestic travel above 2019 levels by 7% [12] - Traffic in Italy reached 91% of 2019 levels, improving to 98% in April, while Brazil's traffic reached 86% of pre-pandemic levels during the quarter [13] Company Strategy and Development Direction - The company is focused on expanding its airport network, with ongoing negotiations for new concession agreements in Nigeria and analyzing additional airport concession investments [23] - The new departure terminal at Ezeiza Airport in Argentina is a significant milestone, enhancing passenger experience and operational efficiency, powered 100% by renewable energy [2][43] - The company is committed to sustainability and is in discussions for a new CapEx plan in Armenia to increase capacity [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sustained recovery in travel demand, with passenger traffic already at 95% of pre-pandemic levels in April [10][45] - The company remains cautious about the challenging macro environment but is encouraged by strong global travel demand and a solid financial position [24] - Management believes that inflation and currency devaluation in Argentina will converge over time, mitigating long-term concerns [60] Other Important Information - Total costs and expenses, excluding IFRIC12, increased by 11% compared to 2019, primarily due to higher fuel costs in Armenia and increased salaries in Argentina [17] - The company ended the quarter with a total liquidity position of $455 million, with positive cash flow from operations in all geographies except Italy [40] Q&A Session Summary Question: What measures is the company taking regarding high inflation and potential currency devaluation in Argentina? - Management noted that over 85% of revenue is linked to dollars, and they expect inflation and devaluation to converge over time, indicating no significant long-term concerns [60] Question: Can you discuss the new terminal at Ezeiza and its impact on international flight connectivity? - Management highlighted a steady growth in international connection flights since the lifting of pandemic restrictions, with positive trends in both Ezeiza and Aeropark airports [54] Question: What is the long-term CapEx outlook? - Management indicated a mandatory CapEx of $50 million per year for the next four years in Argentina, with additional CapEx dependent on economic conditions [50]

Financial Performance - Adjusted EBITDA reached a record of $141 million, exceeding 1Q19 levels by 20%[10] - Consolidated Adjusted EBITDA exceeded pre-pandemic levels across all geographies[6] - Revenue per passenger increased significantly to $18.8 in 1Q23 compared to $14.6 in 1Q19[18] - Net debt to Adjusted EBITDA ratio stood at 2.1x in March 2023, indicating a healthy financial position[10] Revenue Growth - Total revenues ex-IFRIC increased by 43% year-over-year and 16% compared to 1Q19[18] - Aeronautical revenues increased by 56% year-over-year, reaching 1Q19 levels[18] - Commercial revenues increased by 29% year-over-year and 40% compared to 1Q19, driven by fuel-related revenues in Armenia and cargo, duty-free, and parking revenues in Argentina[18] - Total cargo revenues increased by 31.9% compared to 1Q19[16] Traffic and Operations - Passenger traffic reached 90% of pre-pandemic levels (1Q19)[10] - Cargo volume reached 81% of pre-pandemic levels[30] - Total debt stood at $1.5 billion, with net debt at $1.1 billion as of March 31, 2023[44]

v UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report ______________ Commission File Number 001-38 ...

Corporación América Airports S.A. (NYSE:CAAP) Q4 2022 Earnings Conference Call March 22, 2023 10:00 AM ET Company Participants Patricio Esnaola - Head of Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Stephen Trent - Citi Operator Good morning, and welcome to the Corporación América Airports' Fourth Quarter 2022 Earnings Conference Call. A slide presentation accompanies today's webcast, and is available in the Investors secti ...

Fourth Earnings Call Presentation Disclaimer and Forward-Looking Statement 02 Revenues ex-IFRIC +11%andComparable Adj. EBITDA +27% above 4Q191, with Passenger Traffic at 88% Revenues ExIFRIC12 Net Debt 18.3 M 92 K $327 M $123 M | --- | --- | --- | --- | --- | |-------|--------------------------|-------|-------------------------|-------| | | | | | | | | | | | | | - | +38% vs '21, 12% vs '19 | | +1% vs '21, 19% vs '19 | | 37.4% ExIFRIC12 margin 65.6 M 343 K $1.2 B $457 M $1.1 B +96% vs '21, +1.7% vs '19 | --- ...

AEROPUERTOS ARGENTINA 2000 S.A. PRESIDENT´S LETTER Having overcome the context of the pandemic at a global and local level, and after most of the restrictions and requirements for international traffic in the country had been lifted at the end of 2021, passenger traffic during 2022 has experienced a great level of recovery. Domestic traffic already operates at levels similar to pre-pandemic, while the international segment continues on the recovery path. We expect the recovery of the level of activity to co ...

Corporación América Airports S.A. (NYSE:CAAP) Q3 2022 Results Conference Call November 18, 2022 10:00 AM ET Company Participants Patricio Esnaola - Head of Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Alejandro Demichelis - Nau Securities Operator Good morning. And welcome to the Corporación América Airports' Third Quarter 2022 Earnings Conference Call. A slide presentation accompanies today's webcast and is available in th ...

Aeropuertos Argentina 2000 S.A. Condensed Consolidated Interim Financial Statements At September 30, 2022 presented in comparative format Exhibit 99.1 Aeropuertos Argentina 2000 S.A. Condensed Consolidated Interim Financial Statements At September 30, 2022 presented in comparative format Index Consolidated Statements of Comprehensive Income Consolidated Statements of Financial Position Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to the Condensed Consolidated Inte ...

Corporación América Airports S.A. (NYSE:CAAP) Q2 2022 Earnings Conference Call August 19, 2022 10:00 AM ET Company Participants Patricio Inaki Esnaola - Head, Investor Relations Martin Eurnekian - Chief Executive Officer Jorge Arruda - Chief Financial Officer Conference Call Participants Filipe Nielsen - Citi Operator Good morning and welcome to the Corporación América Airports' Second Quarter 2022 Earnings Conference Call. A slide presentation accompanies today's webcast and is available in the Investors s ...

Second Quarter 2022 Earnings Call Presentation Second Quarter 2022 Disclaimer and Forward-Looking Statement Statements relating to our future plans, projections, events or prospects are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forwardlooking statements include all statements that are not historical facts and can be identified by terms such as "believes," "continue," "could," "potential," "remain," "will," "would" or similar expressions and the ne ...